Lowe's: DIY Demand Destruction Is Ending Soon - Bright Prospects Through 2024
LOWLowe's(LOW) Seeking Alpha·2023-12-30 00:00

AlexSava We previously covered Lowe's Companies, Inc. (NYSE:LOW) in September 2023. On the one hand, the impacted housing market had triggered its consistently lowered forward guidance, with it remaining to be seen when the macroeconomic outlook would normalize. On the other hand, we had continued rating the stock as a Buy for value oriented investors then, attributed to its stable profit margins and its robust dividend investment thesis, with the inflation likely to peak soon. Since then, Mr. Market has te ...